In probability theory, probabilities measure how likely an event is to occur. For a probability to be valid, it must follow certain rules.
First, probabilities are always non-negative. This means values like \(-\frac{1}{4}\) do not qualify as valid probabilities because they are less than 0.
Second, probabilities cannot exceed 1. Any number greater than 1, such as 1.5, also fails to represent a probability of an event.
Lastly, probabilities must be bounded within the range from 0 to 1, inclusive. Therefore, numbers like \(\frac{1}{2}\), \(\frac{3}{4}\), \(\frac{2}{3}\), and even 0 are acceptable probabilities as they all fall within this range.
To summarize, for a probability to be valid, it must be [0, 1]. This means:
- It cannot be negative
- It cannot be greater than 1
- It can be any number between 0 and 1, including 0 and 1 themselves.